Mikey's Corner Part Duo

You should know that the banks are long the long bond and are making money on that ..part of the reliquification process

dow looks like it breaks the 11000  soon

LEH up now adding on

The volitility here is huge

Mikey so your long on ND and short everything else ?

I am long LEH for a trade stp at 13.50

Short rails  NSC CSX UNP as positions

Long QID SDD MZZ as positions ..expect a pullback on these

Short CMI CAT PNRA

Looking to short short higher COF-49  JCP-44  

Short WFC and BAC as positions

Sold half of my SMN position ...expect it to drop now

Covered my FXE short and am flat against Oil and Gold

 

Mainly I am in cash hoping like hell this thing can rally into Oct - Nov. I would like to see QID SDD MZZ get hit because I have a small position in each. All of my shorts I have a small position because I still expect a rally

If LEH can pop to 26 I will sell it...OK?

I am trying to get back long the DIG again ...will wait for strength and try it again

in other words your rooting for all kind of wars and disasters , kind of like the devil.. I'm with you   

Buying ...going long FNM 6.86

 

IT IS 2 WEEKS UNTIL EXPIRATION THE INSIDERS ARE PLAYING UP THE DOWNSIDE. THE PUT BUYERS ARE OUT IN FORCE. BEWARE TO THE PUT PLAYERS YOU MAY GET BURNED INTO EXPIRATION ON THE SEPT PUTS

 

MIKEY...OUT

mikey  whats your tarket on FNM?  thanks

Home boy JAX ....I think the commodity stocks rally int the Sept expiration ...I dont recco options ...but if I did I would look at one of those trashed commodity stocks like ......FCX for a CALL ///  remember I would never suggest that anyone buy an option

For the rest of you I would suggest looking at the UYM 62.74

I think he is right...for now

At this point no one believes him ..he needs to get his credibility back

Selling LEH lookng to short this rally will let you know

The actions by the Federal Government are to say the least an act of desperation. The net net of this is that the citizens of the US have been screwed. In now way does this repair the damage that this administration has created. It is just another finger in another hole in the dam. They only have 10 fingers. The used 5 of them Sunday. This rally in the market is just to teach you shorts a lession and give the insiders another chance to sell sold off stock. They have been doing this the same way  

        The first one was in August 2007...Fed cuts rates comes to the rescue.

         The next one was January 2008 when the economy was said to be going into a recession. Fed again to the rescue right after the bad news hit

           This one US treasury buys FNM and FRE

 

Like all of the other it is a temporary fix. The banks may be getting bailed out for their bad mortages but there are bigger problems when the consumer...70% of the economy can't get a loan and the credit cards blow up.

 

This is really really bad I fear for our country and I think this administrasion should be sent to Guantanamo and their rights suspended

I would think oil should rally I am focused on getting short on this rally

Will hold my FNM probably for the next 5 years to get even but not adding on here

I am holding my short positions that I mentioned last week looking to add on

Mikey

Since Im not doing well at shorting do you think SKF is a buy here?